AIR Sourcing incorporates fully-integrated State benefits reporting system into software
20 June 2018
AIR Sourcing, the sourcing system for equity release and retirement lending products, has today (20th June 2018) announced the incorporation of a fully-integrated State benefits reporting system into its software.
The system is being utilised within the third version of AIR Sourcing and has been built in association with entitled to, the provider of online State benefit calculators.
From today, adviser users of AIR Sourcing will be able check whether their clients can claim benefits such as Housing Benefit, Council Tax Support, Pension Credit, Universal Credit and many others through the system.
This is fully integrated with entitled to via an AIP (application programming interface) and allows the adviser to calculate all the key information regarding State benefit entitlements and import the results and detail into a personalised and comprehensive State benefits’ report. It also summarises the key benefit entitlements against the client file.
AIR Sourcing believes such a reporting system within the software provides the adviser, and their client, with full sight on their entitlement allowing them to ensure any recommendation does not impinge on their ability to secure State benefits.
AIR Sourcing is available free to all members of the Later Life Academy (LLA), the commercial and training organisation for later life advisers, and will be available as an additional upgrade for non-LLA members.
The newest version of AIR Sourcing - launched earlier this quarter - combines a sourcing system with an API platform that allows advisers to generate their own KFIs using client data they have entered into the system’s sourcing tool, saving significant amounts of time. The system covers at least four times as many product choices as other systems featuring all products from all retirement lending providers with users able to access its unique ‘Research Filters’ to show all product variations.
For full details on this new reporting system advisers should look in their Clients section in AIR Sourcing.
For further information on AIR Sourcing, please visit: www.airsourcing.co.uk
For further information on the Later Life Academy, please visit: www.laterlifeacademy.co.uk
Ray McCarthy, Head of Distribution at AIR Sourcing, commented:
“Providing a report on a client’s State benefits is now a vital part of advising older clients, not only in achieving the best possible consumer outcome but particularly where clients are seeking to borrow to raise capital or increase income. The FCA’s recent announcement on retirement interest-only (RIO) mortgages means advisers should always ensure clients are maximising their income in order to assess the suitability of these products before considering other options like downsizing or equity release.
“Having this State benefit reporting system within the AIR Sourcing software will allow advisers to avail themselves of all the facts with regard to benefit eligibility, and provide both them and their clients with a full view before embarking on the product recommendation. The last thing advisers will want to do is potentially jeopardise the client’s access to benefits and by linking up with entitledto, AIR Sourcing users are now able to ensure that the chances of such an outcome are seriously diminished.”
Nicki Duckworth, Content and Customer Relations Manager at entitledto, said:
“We believe everyone living in the UK should be able to understand what their legitimate entitlements are and honestly claim that amount from the Government - social security is a key aspect of our society and a vital part of our modern communities.”
